Common use of Notice of Default; Cure Period Clause in Contracts

Notice of Default; Cure Period. Should either party believe the other party is in default of this Agreement, the party who believes the other party is in default shall give a written notice of such belief. The party who is sent such notice shall have five (5) Business Days in the case of a monetary default, and ten (10) Business Days in the case of a non-monetary default, from the delivery date of the notice to cure such default.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Escrow Instructions (Limoneira CO), Purchase and Sale Agreement and Escrow Instructions (Limoneira CO)

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Notice of Default; Cure Period. Should either party believe the other party is in default of this Agreement, the party who believes the other party is in default shall give a written notice of such belief. The party who is sent such notice shall have five two (52) Business Days in the case of a monetary default, and ten five (105) Business Days in the case of a non-monetary default, from the delivery date of the notice to cure such default.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Escrow Instructions, Purchase and Sale Agreement and Escrow Instructions (Limoneira CO)

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